Are There Income Tax Consequences For Term Life Insurance When The Term Expires?
Posted June 2, 2009 – 4:28 pm in: term life insuranceNot at all. Your premiums went to pay for insurance only. With whole life you may have to worry about tax only if the amount in savings exceeds what you paid in as premium. After about fifteen years, what the company guarantees finally exceeds what you have put in as premium. Now, if you cancel [...]
6 Comments | Tags: Consequences, Expires, Income, Insurance, Life, Term, There, WhenHow Is Nj And Federal Estate And Income Tax Handled For Annuities And Life Insurance?
Posted May 31, 2009 – 6:06 pm in: structured settlements FAQServing as executor – both parents passed in 2005. How is the Estate and Income Tax handled for both New Jersey and Federal returns on Annuities and Life/Term Insurance. Not sure what is taxable as Income and what is taxable to Estate. Also, not sure who pays the taxes, beneficiary or estate on the income [...]
1 Comment | Tags: Annuities, Estate, Federal, Handled, Income, Insurance, LifeWho Is The World Highest Income Life Insurance Agent?
Posted May 17, 2009 – 10:31 pm in: structured settlements FAQLife insurance agent is not an easy job. But some people can do well in this job & they got a lot of money as incentive. I wonder who is the world highest income life insurance agent?
3 Comments | Tags: Agent, Highest, Income, Insurance, Life, WorldWhat Type Of Income Is Group Term Life Insurance, When Doing An Income Tax Return?
Posted May 1, 2009 – 7:09 pm in: term life insuranceThere are so many types of income, but under which one does it go?
2 Comments | Tags: Doing, Group, Income, Insurance, Life, Term, Type, What, When
